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If you voluntarily make an exchange with someone else, both of you gain value; both of you would prefer to have what you got from the trade more than what you lost. This isnt exploitation, trade isnt zero sum. Billions of these little value gains are what civilization is made of!

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@ScruggsDJ

Dec 21, 2021

Replying to

@Aella_Girl

Sure, asymmetry of information is a real economic thing and it's not always benign.

Aella

@Aella_Girl

Replying to

@ScruggsDJ

I am assuming informed trades, where people get the thing they think they're gonna get.

6:59 PM · Dec 21, 2021

Replying to

and

Fair enough if you’re trading spherical cows I suppose

Replying to

and

The most expensive things - healthcare, housing, education, lawyers, etc - are very information asymmetric tho

Replying to

and

This is nice, but literally never true. I have no insight into the atrocities committed in the supply chain. I just get presented a product and a price.

Replying to

and

If we assume that all trades happen between equal & informed market participants, no bad trades or negative-sum interactions will ever happen! It's so simple!

Replying to

and

"I am assuming the world works in a way that is the opposite of how it actually works, i am very smart"

Replying to

and

This is literally how tons of trade is happening right now. Had a friend get ripped off by a Chinese company using a cloned website of a fine jeweler advertised on FB as a sale. They ordered gold/precious stone jewelry and got plastic jewelry in the mail.

Replying to

and

“I am assuming something that has never happened at scale in the history of humanity” lmfao. no such thing as your fairytale of closed circuit exchange

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